First Impression: Boral (BLD) FY16 Result

Bell Potter

Reported NPAT $256m in line with pcp (Loss before interest and tax($50.5m) and Income tax benefit $34.5m) | Segment EBIT; Boral Construction Materials & Cement down 3% to $293m; Boral Building Products up 11% to $33m; Boral Gypsum equity accounted gain up 21% to $59m; Boral USA $44m as compared to $6m in pcp (up 649%) | Net Operating cashflow up 14.4% to $478m.


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